Sberbank

Sberbank of Russia - Russia's largest bank with general license of the Central Bank, which owns a controlling stake in the bank, so the Savings Bank is considered the most reliable bank in Russia. PJSC "Sberbank of Russia" offers its customers a wide range of services, including lending, deposits, payment acceptance for various services, reception and sending of remittances worldwide, property and life insurance, as well as providing brokerage services, including trading Forex with eToro social investment network, which has recently become a partner Sberbank.

eToro Review

Social network eToro appeared in 2007 and is a combination of the trading platform and social networking. The result is a unique trading platform OpenBook, with the help of traders can copy and discuss the transaction other players, share their strategies and learn to trade Forex, viewing transaction professional traders. To date, according to the official website of eToro broker audience has more than 5 million traders from 140 countries and every day continues to increase. eToro The company provides the following services:

• A wide range of trading instruments on Forex, including currency pairs, Metals, CFD-contracts on commodities, indices, stocks and ETF-funds;
• A minimum deposit of $ 50 for independent trade and $ 100 for a copy of transactions;
• Leverage - 1:50;
• Availability of a demo account;
• A convenient web-based platform eToro OpenBook;
• CopyTrader ™ service to copy the trades of successful traders;
• CopyFunds ™ service - portfolio investment in the most successful traders in the expired or CFD-contracts on commodities, equities and ETF-funds (for customers with a deposit of $ 5000);
• Service People Discovery - Search system for traders, allowing traders to filter the strategy to yield loss, the country of the trader and other criteria;
• Popular Investor status for active investors with a deposit of $ 1000, giving additional trade benefits (discount on the spread to 100%, no fees for withdrawal of funds, the additional income from investments);
• A program for VIP eToro Premium customers with a deposit of $ 20 000 (25% bonus on top-up, rapid withdrawal, account manager, access to classified intelligence, credit card issuance Payoneer);
• Action "Bring a friend and get $ 100";
• Free education;
• Affiliate program.

Regulation eToro

The brand is owned by eToro eToro (Europe) Ltd. (Before it was called rebranding Retail Forex Ltd), acting on the basis of a license by the Cyprus Securities Commission CySEC № 109/10 and in accordance with the EU Directive - MiFID. Subsidiary eToro (UK) Ltd, which provides online trading services in the UK, regulated by the FCA on the basis of FRN 583,263 licenses.

Conclusions

Thus, the eToro, on the one hand, is a reliable broker, regulated by CySEC and FCA, as well as being the official partner of the Savings Bank of Russia. But on the other hand, Sberbank eToro has mixed reviews from its customers, which include frequent hang of the terminal, the use of prohibited non-commercial techniques against successful clients, non-transparent pricing, different stock quotes with other brokers, frequent slippage, long withdrawal (up to 8 days), large commission for withdrawal of funds (from $ 5 to $ 25), a lack of professional support. Therefore, do not rush to open an account with the broker, recklessly believing that once the Savings Bank is actively promoting it on your website, it is a reliable broker you can trust. Before you open an account, carefully study the eToro reviews and share your impressions in our ranking of brokers.